Frontdesk operates an apartment rental platform serving business and leisure travelers. The company is Milwaukee-based and is operating in 35 U.S. markets. It manages over 1,000 units across more than 150 buildings. Frontdesk raised a $4.89 million Series B-3 venture round on June 12, 2023. That round set a $53 million pre-money valuation. To date the company has raised $28.70 million in capital. The articles do not disclose future plans beyond current operations. Frontdesk operates more than 700 fully managed suites in 160 buildings across 35 U.S. cities and employs over 250 workers. The company combines a management business that runs short-term rentals with a technology arm, Frontdesk Flex, which offers a property management system, a direct booking engine, and a dynamic pricing algorithm. As of May, Frontdesk apartment suites can be booked via Homes & Villas by Marriott International. The company plans to invest further in its software business while expanding its managed portfolio. Frontdesk expects to double its portfolio in 2021 and aims to turn profitable in 2022. Leadership says the business has achieved rapid scale with capital efficiency significantly higher than many peers. Frontdesk manages short-term apartment rentals and services over 500 serviced apartment suites across 28 cities. The company was founded in 2017 and reports more than 60,000 guest stays since founding. It operates a managed-apartment product offering serviced suites for travelers rather than individual home listings. Frontdesk recently conserved cash during the COVID-19 pandemic, laying off 35 of its 241 employees. The company closed a $6.8 million Series A comprised of debt and equity and previously raised a $2.75 million bridge in summer 2019. Frontdesk is Milwaukee-based and continues to operate its managed-apartment network across its cities of presence.

Total raised

$19M

Funding rounds

4

Latest round

Series B

Latest activity

Jul 2023